Wall Street Journal, Apr. 23, 2017–Laura Kusisto (subscription)Mortgage rates dropped below 4% for the first time since November, providing more kindling to an already hot housing market as the crucial spring selling season gets under way.
Category: Top National News
Trump’s Industry, Real Estate, Poses Hurdle to Tax Overhaul
New York Times, Apr. 22, 2017–James B. StewartPresident Trump has promised a sweeping tax plan, arriving in the days ahead, that will be “bigger, I believe, than any tax cut ever.” It will aim to bring down individual and corporate rates, simplify the overall tax code and unleash economic growth. But there is a major roadblock to that fundamental change, and it comes from a sector well known to the president: the real estate industry.
Purchases Lead Weekly Mortgage Market Index Up
Mortgage Daily, Apr. 24, 2017A modest weekly increase in the U.S. Mortgage Market Index was led by loans to finance a home purchase. As rates retreated, adjustable-rate activity turned sharply lower.
MSRs on Over $2 Billion in Ginnie Loans for Sale
Mortgage Daily, Apr. 21, 2017A new offering has hit the market for mortgage servicing rights on more than $2 billion in Ginnie Mae loans.
New Chief Named for Citi’s Mortgage Business
Mortgage Daily, Apr. 21, 2017David Chubak has been named head of global retail banking and mortgage.
Now Is the Time–Make Housing Reform a Priority
HousingWire, Apr. 20, 2017–David Stevens, CMBMBA President and CEO outlines details of association’s proposal for future of Fannie Mae, Freddie Mac, secondary mortgage market.
Treasury’s Mnuchin Says Will Unveil Tax Reform Plan ‘Very Soon’
Reuters, Apr. 20, 2017–Jason Lange, Lindsay DunsmuirThe Trump administration will unveil a tax reform plan very soon, U.S. Treasury Secretary Steven Mnuchin said on Thursday.
Ocwen Blocked From Acquiring New Mortgage Business by States
Bloomberg, Apr. 20, 2017–David McLaughlin, Dan WilchinsA group of state mortgage regulators blocked Ocwen Financial Corp. from acquiring new business and said the company’s financial condition is significantly deteriorating, the North Carolina bank regulator said Thursday.
Why World Tensions are Making Mortgages Cheaper
Consumer Affairs, Apr. 20, 2017–Mark HuffmanIn recent weeks, mortgage rates started trending down again. In part, you can thank rising tensions in the Middle East and the Korean Peninsula.
Mortgage Rates Remain in Month-Long Slide, Falling to Lowest Level in Five Months
Washington Post, Apr. 20, 2017–Kathy OrtonAccording to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 3.97 percent with an average 0.5 point.